Truth-In-Lending Act (TILA)
Last updated 2026-08-01
FTC
Updated 2026-08-01
A federal law that requires disclosure of a truth-in-lending statement for consumer credit. The statement includes a summary of the total cost of credit, such as the annual percentage rate (APR) and other specifics of the credit.
FTC Real Estate Terms
FTC · pp. 16–17
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